Brent crude oil futures dropped on Wednesday, pulled down by a steep sell-off in U.S. gasoline futures after a U.S. government report indicated a surprisingly build in domestic gasoline inventories, while a strong U.S. equities market brought oil prices some support. Meanwhile, U.S. crude oil prices moved independently and posted a gain on the day, at one point gaining more than 60 cents from Tuesday's close.
read more... 11/04/2013
Brent crude oil futures increased on Tuesday, registering their biggest gain since late December on weaker dollar and moderated Chinese inflation data which pushed investors to commodities. U.S. crude oil prices also traded higher, hitting $94.48 during the session and shortly exceeding the 50-day moving average of$94.44. However, Brent prices increased more sharply, allowing its premium over U.S. crude to widen at $12.
read more... 10/04/2013
Russia’s gas giant Gazprom and the Dutch major Gasunie have inked a letter of intent as to explore the potential expansion of the Nord Stream pipeline to Britain.
read more... 10/04/2013
London Array, the world’s largest offshore wind farm, reached its full capacity at the 630MW first phase on Saturday, 6 April, along with the commissioning of the 175th and final turbine.
read more... 10/04/2013
Last year, Germany exported more electricity that it imported, according to data provided by the Federal Statistics Office.
read more... 10/04/2013